Cleveland Browns Mychal Kendricks, 27, pleads guilty to insider trading

By ASSOCIATED PRESS | Source: The DailyMail

Former Cleveland Browns linebacker Mychal Kendricks pleaded guilty to insider trading charges on Thursday, and faces up to 25 years in prison.

Kendricks, who signed a one-year contract with the Browns in June after winning a Super Bowl title last season with the Philadelphia Eagles, used tips from an acquaintance to make about $1.2 million in illegal profits on four major trading deals, federal prosecutors said.

Scheme: Sonoiki worked at Goldman Sachs at the time and received $100,000 in kickbacks as well as perks like football tickets claim prosecutors 

The Browns released him from the team on August 29, after the charges were filed.

More at The DailyMail

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